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How much income tax do you pay in Poland?

How much income tax do you pay in Poland?

Taxes in Poland are levied by both the central and provincial governments. Tax revenue in Poland is 33.9\% of the country’s GDP in 2017….Income tax scale in 2020.

Annual income Income tax
0 PLN – 85,528 PLN 17\% of income minus tax-reducing amount
over 85,528 PLN 14,539.76 PLN + 32\% of the surplus over 85,528 PLN

How much tax is deducted in Poland?

Poland uses a simple tax system, applying just two rates of tax, 18\% and, for incomes over Polish zloty (PLN) 85,528 (about $23,305), 32\%. The higher rate threshold has remained frozen for some years.

Are Polish taxes high?

Polish individuals earning 1.5 million USD per annum, pay on average 476,949 USD in tax (33.9\% effective tax rate) compared with an average of 661,576 USD in tax and social security contributions (44.2\% effective tax rate) among European countries.

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Who is a tax resident in Poland?

Under Polish law, a tax resident of Poland is: an individual whose center of vital interests (center of economic or personal interests) is in Poland or, an individual who spends more than 183 days in a calendar year in Poland.

How much is cost of living in Poland?

What are general living expenses like in Poland?

Total living expenses in Krakow⁷ Average cost
1 person, per month (without rent) PLN2,193.12
4 person family, per month (without rent) PLN7,322.23
Utilities, basic, for 85m² apartment PLN719.57

How do I become a tax resident in Poland?

Under Polish law, a tax resident of Poland is:

  1. an individual whose center of vital interests (center of economic or personal interests) is in Poland or,
  2. an individual who spends more than 183 days in a calendar year in Poland.